TenXAfter hit our target at previous analysis, PAYBTC pullback to 618 fibonacci retracement. This is a good moment to enter buyzone at 0.0057876 - 0.00054377
and aim for 61% ProfitMax at 0.00093541
* careful at resistance level (0.00078777), this level will bring much problem with pullback
However if this coin down, we have support at 0.00041770
PAYBTC
(PAY/BTC) MOOOOOON SHOT?If PAY breaks the resistance areas its Gona Goooo .
But I believe we are still definitely a little weak and the bulls are warming up. PAY will Probably do a stair step pattern .
PAY is still small enough to have some ridiculous pops of 15% right up to the next point of Resistance.
When ever you get near all time lows In any market everyone is waiting for a confirmation to the upside to get back in, So the the Bounce back is exuberant.
I will probably bring my stop losses up after every pop.
Any time you Get kicked out of a trade you have already made Gains on take a Walk and Don't Hop back in immediately, You got Kicked for a Reason.
If you get Back in take your profit and then some out of the trade.
If Cryptos can jump 15% they can crash with just as much speed.
PAYBTC Nice Break - Where to?Pay had a nice 40% gain in 10 hours yesterday!
So where to? I think we are sideways for a couple of days and around the 25th we should launch (blue) to .00081 range with strong shadows. (green) for 40-45%
This would mark the B in the ABC wave up.
A crosses 77 MA - Pause to bring 21 day to 7 day MA
B crosses 231 MA - Pause to bring 21 and 77 days to 231 and we will bang on the last C extension.
PAY and DASH are having long sessions at the Blockchain conference! DASH - PAY - Mastercard???? SAY MOON SHOTS - I AM NOT A PRO - Suggestions welcome!
TenX PAY Starting a New Market CycleLooks like TenX has finally broke out of its descending wedge. Seems to be starting a new market cycle.
Right now it's quite overbought after breaking out, and MACD is turning around slightly. Buying the dip between 57000-55000 satoshis sounds about right. We have support at 57000, and price might want to dip a ever so slightly below that to touch the Kijun.
1st Target is the top of the ichimoku cloud. Edge to Edge in cloud is important.
2nd Target is 107443. Strong resistance here.
3rd Target is ATH of 156777. Most likely if we break the 2nd target it will make a new all time high however.
Let me know what you think.
Pay/BTC (TenX buy opportunity)Hello,
I believe I have idetified a buy opportunity in TenX, this would be a short term (a few days tops). As we can se in the graph TenX has followed the "tunnel"-pattern the last few days. And what we can see is that it bounces on and against the bottom / the floor. With exception on the 20th september. There are some similarities between the 20th and now. Both have broken the lower tunnel support and have also gone down to <30 RSI. In both these cases the price has jumped up again.
There are 3 scenarios according to me.
A, it breaches the floor of the tunnel supportline and from then continues on its bearish path.
B, The price reaches a point somewhere near the supportline (the red one), but not breaking it, and from there on continues its bearish path.
C, A significant increase in price will take place, potentially breaking the bearish pattern (unlikely imo). My guess in this scenario is that it will bounce on and off the red supportline.
TL:DR, a short term position with small gains. It can play out 3 ways.
Note: I am a beginner, I am here to learn. If you have any thing to share to support or oppose my prediction, feel free to share it!
PAYBTC Catch a falling starPAY has given up about 75% of the recent gains.
Strong floor here at .00046 with one last support at .00032.
Uptrend test? If this IS the end of wave 5 a consolidation period should quickly test .00055 in the next couple of days with bursts from .00062.
Potential targets of .0019 to .0025 rather quickly.
TenX and DASH are both presenting at the Blockchain conference next week and should fire things up up up.
$pay - TenX the sleeping giant is preparing to awaken.PAYBTC is another coin which I have been very bullish on alongside Metal in the payments area of Cryptocurrencies.
I think PAYBTC has been heavily undervalued for the updates and growth they have shown us already. I believe when better branding is done, a step up on the marketing and listing on more exchanges we will see the price EXPLODE even more than it has already. We have been on a downtrend but I honestly think that is coming to an end and that we may see a reversal here. Using a Gann Fan I have created a potential support-resistance on a 12H Scale that we could image movements to follow. Stoch RSI has been showing oversold and looks to be preparing for the rebound as well. I have also placed Fibonacci (cyan lines) to give us an idea of future support and resistance zones if momentum is slowed down. Using a Fibonacci Retracement it seems like we already have oversold on the retracement.
PAYBTC team continues to be active on slack, alongside the community. They have also been up to par on keeping us updated through their blog with Dev Updates and Facebook Livestreams!
TenX Buy OppertunityTenX looks a great buy at the moment. The product itself has a great use case and really seems like one of the front runners in bridging the crypto-real world space in terms of payments. Fundamentally the product is solid. Technically, it looks a great buy at the moment. It has currently retraced to the 0.786 fib level after its bull run in early August. The whole way up and down it has really used the Fib levels nicely as support and resistance. The other point that makes me believe that it will bounce from here, is the fact that it is using the same support area from where it bounced to reach an ATH. I think that once we break out from the current descending resistance (red line), this will take off. I'll be looking to take profits at about 0.0011, where its been used as resistance a couple of times before. I'll be setting stops at around 0.000575 just after the massive buy wall
PAY Expected BreakoutAs the last part of consolidation comes would be expecting final sell out and then a break for the uptrend. Estimated final target at 170k sats.
Indicators showing final stage off correction. Bounce at Support line or slightly bellow. Short term move up to possible resistance at target 1, 3:1 Reward to risk. Lets watch,
Goodday!
BTC ETH LTC NEO PAY & OMG "What's in your Wallet" Part Deux Since many of you follow the news, I want to show how I am looking to adjust my wallet going forward based on the China Syndrome. Now I don't trade on the news, but the news on China showed us something very interesting. Yes this should have hit your radar yesterday when we were tracking several coins like NEO, PAY and OMG. All three were in consolidation phases after the selloff, but then something interesting happened. The market spoke!!! Notice of all the coins above four out of the six have since recovered and are now trending bullish again. Why is this important? Well first we realize that selling our holdings on news can sometimes be painful. But secondly this wasn't just any news, it was huge news as most Countries are starting to look at how to regulate cryptos. As I stated before, I down played the news, and even wrote that China wants to be a LEADER of Technology not a follower. We hear often how countries are trying to handle this new change in technology with the SEC making statements, Russia, Europe and many others. But leaders do not talk they take action. China came out hard and swift which would be expected by, well, a leader! This sent shock waves through the market and many weak hands sold the news not understanding how this was just the first step in sorting out future winners. YES the thoroughbreds we want to own long term.
Well after tracking several coins yesterday all which were pretty much consolidating in the same pattern I was looking for a break out. Finally one did. OMG! Now of course BTC ETH and LTC (the true thoroughbreds that everyone is familiar with) turned bullish as well and they are #1-2-3 on our list. But what does this tell you about the others? OMG broke to the upside and held support while some we thought were powerhouses, like NEO and PAY, seemed to be sitting in their stalls.
This tells us something much more important then ok which one is next. It tells us where big money sees future winners.
If you have ever been to a Horse auction looking to buy a race horse, you go around from horse to horse, look at structure, muscle, temperament and lineage. They all look very similar at first glance, and as we were small time, did not have the money to hire the best trainers and horse experts to look them over, so we relied on the basics. So you pick a couple that you want to bid on and get ready for the auction. All of a sudden one of the horses starts getting a slew of bidders out of no where, when other horses were going for market average, slightly above or below. What did those big money horse owners see that I didn't. Yes I had it on my radar, but I thought there are other horses here that are cheaper and have a chance to be great, why spend all my money on that one? Two years later where was that freakin horse, that's right the Kentucky Derby! The same thing happened last night. The smart money came in and started buying future winners. These are the thoroughbreds we need to invest in. The chart does not lie! PAY and NEO are still getting going nowhere, and are testing the lower channel. What's this tell us. These are not thoroughbreds! These are long shots. I want to own what the smart money is buying, and the market has spoken. Though I know I am going to get a lot of flack on this, I'm thinking of looking at NEO and PAY to see if they belong in my wallet.
Yes in horse racing you hear once in a blue moon, "that guy bought that horse for $50,000" and it is a winner winner chicken dinner! But those are the exceptions and not the norm. This news event is positive news for cryptos, giving them validity which will allow larger players in. This event played right into Big money, who took the time to pick specific thoroughbreds that have the best chance of performing. I'm listening to what the market tells me not the News. And it is telling my once again, to look carefully, at "WHATS IN MY WALLET"